Lawmaker Proposes Solvency Law for Public Self-Insureds

Public self-insured employers in Montana could be forced to prepare written plans for improving their financial situations, under a bill scheduled for a hearing Thursday. Senate Bill 126, by Sen. Fred Thomas, R-Stevensville, would require solvency for public self-insured entities to be determined using a discounted reserve estimate. “The department shall calculate available funds as total assets minus 80% of property and equipment assets minus accounts payable,” the bill says. “If available funds fall below an 85% confidence level using a discounted reserve estimate, th...